Dominion Resources – Climate Change Report (2005 – 2006)
WHEREAS: In 2005, the scientific academies of 11 nations, including the U.S., stated that, “The scientific understanding of climate change is now sufficiently clear to justify nations taking prompt action. It is vital that all nations identify cost-effective steps that they can take now, to contribute to substantial and long-term reductions in net global greenhouse gas emissions.” A 2004 Conference Board report declared that, “scientific consensus that the climate is changing is growing steadily stronger over time; Corporate boards will be increasingly expected to evaluate potential risks associated with climate change; and, the global economy will become less carbon-intensive over …
ExxonMobil – Report on Kyoto Protocol Compliance (2006 – 2007)
WHEREAS, international energy companies face unprecedented pressure to reduce greenhouse gas (GHG) emissions. Nations implementing the Kyoto Protocol are committed to significant reductions. The Guardian (10/07/04) reported: “Exxon… saw its greenhouse gas emissions jump 2% last year to 135.6m tones” and that “an Exxon spokesman admitted that the company had no targets for reductions in CO2 emissions although he insisted that it was working hard on ‘energy efficiency’ gains.” It said ExxonMobil’s “emissions are more than 50% higher than those of rival Britain’s BP despite the US firm’s oil and gas production being only slightly larger.”At the World Energy Congress …
Anadarko Petroleum – Greenhouse Gas Emissions (2006 – 2007)
WHEREAS: The American Geophysical Union, the world’s largest organization of earth, ocean and climate scientists, states it is now “virtually certain” that global warming is caused by emissions of greenhouse gases (GHG) and that the warming will continue. A 2004 report by the Bush Administration’s Climate Change Science Program stated that increases in human-derived GHG emissions are the only likely explanation for global warming over the past three decades. Carbon regulation is growing. In 2005, the Kyoto Protocol took effect, imposing mandatory greenhouse gas limits on 148 participating nations. At least half of U.S. states are addressing global warming, through …
General Motors – Climate Change (2006 – 2007)
WHEREAS: In the past two years higher, more volatile fuel prices in the U.S. has changed the purchasing patterns of consumers disrupting the financial health of our company. The latest federal projections suggest gasoline prices will be significantly higher over the next decade (Energy Information Administration, Annual Energy Outlook, 2006). In the U.S., passenger cars and light trucks account for one-fifth of all annual U.S. carbon dioxide emissions linked to climate change. General Motors bears the auto industry’s highest “carbon burden” – or total carbon dioxide emissions associated with its fleet, due in part to the poor fuel efficiency of …
Wells Fargo – Climate Change Report (2006 – 2007)
RESOLVED that shareholders of Wells Fargo and Co. request that the Board of Directors report to shareholders by October 2006 on the effect on our company’s business strategy of the challenges created by global climate change. The report should include, but need not be limited to, a discussion of the effects of (a) rising public and regulatory pressures to limit the emission of greenhouse gases, and (b) anticipated changes to our physical environment. This report should be prepared at reasonable cost and omit proprietary information. SUPPORTING STATEMENT Global climate change threatens to affect companies across a wide variety of industries. …
General Electric – Disclosure of Costs of Delay of Cleanup of Toxic Sites (2004 – 2005)
Company: General Electric Final Vote: 27.5 Year: 2004-2005 …
ChevronTexaco – Report on New Initiatives in Ecuador (2004 – 2005)
Company: ChevronTexaco Final Vote: 9.2% Year: 2004-2005 …
General Motors – Climate Change Report (2004 – 2005)
Whereas: In the U.S., passenger cars and light trucks account for one-fifth of all annual U.S. carbon dioxide emissions linked to climate change. General Motors bears the auto industry’s highest “carbon burden” – or total carbon dioxide emissions associated with its fleet, due in part to the poor fuel efficiency of its products, not the size of its fleet. Worldwide consensus that greenhouse gas (GHG) emissions need to be reduced continues to grow, with ratification of the Kyoto Protocol causing many countries to enact limits on these emissions. Already, the European Union and some U.S. states have enacted …
Dominion Resources – Climate Change Report (2004 – 2005)
WHEREAS: A 2004 report by the Bush Administration’s Climate Change Science Program stated that increases in human-derived greenhouse gas emissions are the only likely explanation for global warming over the past three decades. A 2004 Conference Board report declared that, “scientific consensus that the climate is changing is growing steadily stronger over time; Corporate boards will be increasingly expected to evaluate potential risks associated with climate change; and, the global economy will become less carbon-intensive over time…The real questions are what the pace of the transition will be and who will be the winners and losers.” U.S. power plants are …
Exxon Mobil – Report on Kyoto Protocol Compliance (2004 – 2005)
WHEREAS, as investors we believe Exxon Mobil’s management is sending confusing messages about its efforts at greenhouse gas reductions; international energy companies face unprecedented pressure to reduce greenhouse gas (GHG) emissions. Nations implementing the Kyoto Protocol are committed to significant reductions. This resolution’s proponents believe Exxon Mobil is poorly positioned to meet increasing mandates to reduce GHG emissions in a cost-effective way. The Guardian (10/07/04) reported: “Exxon saw its greenhouse gas emissions jump 2% last year to 135.6 million tonnes” and that “an Exxon spokesman admitted that the company had no targets for reductions in CO2 emissions although he insisted that it …
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